Filed: 5/14/2025ACC: 0001172661-25-001882
📋 What this filing means
INDEPENDENT FRANCHISE PARTNERS LLP filed this quarterly 13F‑HR report disclosing 25 equity positions with a total reported market value of $14.02B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
25
Positions
$14.02B
Total AUM (reported)
206.26M
Total Shares
Allocation by class
COM$8.43B60.1%
CL A$1.89B13.5%
CL C CAP STK$764.70M5.5%
CL A COM$729.50M5.2%
SHS CL A$631.85M4.5%
COM SHS$442.61M3.2%
COM CL A$419.43M3.0%
Portfolio Concentration
Top 3$3.19B22.7%
4–10$5.34B38.1%
11–25$5.49B39.2%
Top 3 weight
22.7%
Top 10 weight
60.8%
Voting Authority Distribution
Total shares with voting rights: 206.26M
Sole
Full voting authority
204.39M
shares
% of voting shares99.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
1.86M
shares
% of voting shares0.9%
Investment Discretion (by position count)
Sole0
Shared0
Other25
Dominant voting typeSole · 99.1% of voting shares
Institutional Holdings25
Rows:
INTERCONTINENTAL EXCHANGE IN
OTRShares6.19M
TypeSH
Market value$1.07B
7.62%
Sole
6.13M
Shared
0.00
None
64.47K
BRISTOL-MYERS SQUIBB CO
OTRShares17.39M
TypeSH
Market value$1.06B
7.57%
Sole
17.21M
Shared
0.00
None
181.19K
CORTEVA INC
OTRShares16.79M
TypeSH
Market value$1.06B
7.53%
Sole
16.61M
Shared
0.00
None
177.50K
JOHNSON & JOHNSON
OTRShares5.30M
TypeSH
Market value$879.37M
6.27%
Sole
5.25M
Shared
0.00
None
52.13K
EBAY INC.
OTRShares11.69M
TypeSH
Market value$791.71M
5.65%
Sole
11.57M
Shared
0.00
None
123.48K
ZILLOW GROUP INC
OTRShares11.15M
TypeSH
Market value$764.70M
5.45%
Sole
11.04M
Shared
0.00
None
111.45K
LIVE NATION ENTERTAINMENT IN
OTRShares5.70M
TypeSH
Market value$744.12M
5.31%
Sole
5.64M
Shared
0.00
None
60.28K
NEWS CORP NEW
OTRShares27.19M
TypeSH
Market value$740.10M
5.28%
Sole
26.89M
Shared
0.00
None
296.84K
FOX CORP
OTRShares12.89M
TypeSH
Market value$729.50M
5.20%
Sole
12.76M
Shared
0.00
None
125.27K
PHILIP MORRIS INTL INC
OTRShares4.35M
TypeSH
Market value$691.04M
4.93%
Sole
4.29M
Shared
0.00
None
58.64K
AON PLC
OTRShares1.58M
TypeSH
Market value$631.85M
4.51%
Sole
1.57M
Shared
0.00
None
15.61K
ORACLE CORP
OTRShares4.20M
TypeSH
Market value$587.05M
4.19%
Sole
4.15M
Shared
0.00
None
44.91K
RB GLOBAL INC
OTRShares5.75M
TypeSH
Market value$576.31M
4.11%
Sole
5.69M
Shared
0.00
None
60.61K
ELECTRONIC ARTS INC
OTRShares3.95M
TypeSH
Market value$570.23M
4.07%
Sole
3.91M
Shared
0.00
None
38.68K
LAUDER ESTEE COS INC
OTRShares7.98M
TypeSH
Market value$526.44M
3.75%
Sole
7.89M
Shared
0.00
None
83.78K
TKO GROUP HOLDINGS INC
OTRShares3.18M
TypeSH
Market value$485.67M
3.46%
Sole
3.15M
Shared
0.00
None
31.78K
SOLVENTUM CORP
OTRShares5.82M
TypeSH
Market value$442.61M
3.16%
Sole
5.77M
Shared
0.00
None
50.51K
WARNER MUSIC GROUP CORP
OTRShares13.38M
TypeSH
Market value$419.43M
2.99%
Sole
13.29M
Shared
0.00
None
90.94K
NEWS CORP NEW
OTRShares9.73M
TypeSH
Market value$295.46M
2.11%
Sole
9.64M
Shared
0.00
None
91.33K
FOX CORP
OTRShares5.26M
TypeSH
Market value$277.30M
1.98%
Sole
5.20M
Shared
0.00
None
56.39K
KENVUE INC
OTRShares9.38M
TypeSH
Market value$224.91M
1.60%
Sole
9.38M
Shared
0.00
None
0.00
TRANSUNION
OTRShares2.12M
TypeSH
Market value$175.65M
1.25%
Sole
2.09M
Shared
0.00
None
22.43K
WARNER BROS DISCOVERY INC
OTRShares13.07M
TypeSH
Market value$140.22M
1.00%
Sole
13.07M
Shared
0.00
None
0.00
ZILLOW GROUP INC
OTRShares2.06M
TypeSH
Market value$137.76M
0.98%
Sole
2.04M
Shared
0.00
None
21.69K
RENTOKIL INITIAL PLC
OTRShares168K
TypeSH
Market value$3.85M
0.03%
Sole
163.40K
Shared
0.00
None
4.60K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INTERCONTINENTAL EXCHANGE INOTR | COM | 6.19M | SH | $1.07B 7.62% | 6.13M | 0.00 | 64.47K |
BRISTOL-MYERS SQUIBB COOTR | COM | 17.39M | SH | $1.06B 7.57% | 17.21M | 0.00 | 181.19K |
CORTEVA INCOTR | COM | 16.79M | SH | $1.06B 7.53% | 16.61M | 0.00 | 177.50K |
JOHNSON & JOHNSONOTR | COM | 5.30M | SH | $879.37M 6.27% | 5.25M | 0.00 | 52.13K |
EBAY INC.OTR | COM | 11.69M | SH | $791.71M 5.65% | 11.57M | 0.00 | 123.48K |
ZILLOW GROUP INCOTR | CL C CAP STK | 11.15M | SH | $764.70M 5.45% | 11.04M | 0.00 | 111.45K |
LIVE NATION ENTERTAINMENT INOTR | COM | 5.70M | SH | $744.12M 5.31% | 5.64M | 0.00 | 60.28K |
NEWS CORP NEWOTR | CL A | 27.19M | SH | $740.10M 5.28% | 26.89M | 0.00 | 296.84K |
FOX CORPOTR | CL A COM | 12.89M | SH | $729.50M 5.20% | 12.76M | 0.00 | 125.27K |
PHILIP MORRIS INTL INCOTR | COM | 4.35M | SH | $691.04M 4.93% | 4.29M | 0.00 | 58.64K |
AON PLCOTR | SHS CL A | 1.58M | SH | $631.85M 4.51% | 1.57M | 0.00 | 15.61K |
ORACLE CORPOTR | COM | 4.20M | SH | $587.05M 4.19% | 4.15M | 0.00 | 44.91K |
RB GLOBAL INCOTR | COM | 5.75M | SH | $576.31M 4.11% | 5.69M | 0.00 | 60.61K |
ELECTRONIC ARTS INCOTR | COM | 3.95M | SH | $570.23M 4.07% | 3.91M | 0.00 | 38.68K |
LAUDER ESTEE COS INCOTR | CL A | 7.98M | SH | $526.44M 3.75% | 7.89M | 0.00 | 83.78K |
TKO GROUP HOLDINGS INCOTR | CL A | 3.18M | SH | $485.67M 3.46% | 3.15M | 0.00 | 31.78K |
SOLVENTUM CORPOTR | COM SHS | 5.82M | SH | $442.61M 3.16% | 5.77M | 0.00 | 50.51K |
WARNER MUSIC GROUP CORPOTR | COM CL A | 13.38M | SH | $419.43M 2.99% | 13.29M | 0.00 | 90.94K |
NEWS CORP NEWOTR | CL B | 9.73M | SH | $295.46M 2.11% | 9.64M | 0.00 | 91.33K |
FOX CORPOTR | CL B COM | 5.26M | SH | $277.30M 1.98% | 5.20M | 0.00 | 56.39K |
KENVUE INCOTR | COM | 9.38M | SH | $224.91M 1.60% | 9.38M | 0.00 | 0.00 |
TRANSUNIONOTR | COM | 2.12M | SH | $175.65M 1.25% | 2.09M | 0.00 | 22.43K |
WARNER BROS DISCOVERY INCOTR | COM SER A | 13.07M | SH | $140.22M 1.00% | 13.07M | 0.00 | 0.00 |
ZILLOW GROUP INCOTR | CL A | 2.06M | SH | $137.76M 0.98% | 2.04M | 0.00 | 21.69K |
RENTOKIL INITIAL PLCOTR | SPONSORED ADR | 168K | SH | $3.85M 0.03% | 163.40K | 0.00 | 4.60K |